Air Transport Services Group - ATSG Stock Forecast, Price & News

Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and internationally. The company offers aircraft, flight crews, aircraft maintenance, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance. It also provides equipment maintenance services; cargo load transfer and package sorting services; crew training services; and airline express operation, line and heavy maintenance, and ground handling services. The company's ground support services include labor and management for cargo load transfer and sorting; design, installation, and maintenance of material handling equipment; leasing and maintenance of ground support equipment; and general facilities maintenance. In addition, it offers equipment installation and maintenance, vehicle maintenance and repair, jet fuel, and deicing services. Further, the company operates cargo and passenger transportation business; resells and brokers aircraft parts; and performs passenger-to-freighter and passenger-to-combi conversions of aircrafts. It provides its services to delivery companies, freight forwarders, airlines, air transportation, e-commerce, package delivery, and logistics industries, as well as government customers. As of December 31, 2021, the company's in-service aircraft fleet consisted of 107 owned aircraft and ten leased aircraft. The company was formerly known as ABX Holdings, Inc. Air Transport Services Group, Inc. was founded in 1980 and is based in Wilmington, Ohio.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATSG. StockNews.com lowered Air Transport Services Group from a "buy" rating to a "hold" rating in a report on Saturday, June 18th. Cowen increased their price objective on Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th. Finally, Cowen increased their price objective on Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $31.40 on Monday. The business has a 50 day moving average price of $29.87 and a 200 day moving average price of $30.00. Air Transport Services Group has a twelve month low of $23.68 and a twelve month high of $34.54. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 12.08 and a beta of 0.56. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.94.

Air Transport Services Group (NASDAQ:ATSG - Get Rating) last announced its earnings results on Thursday, August 4th. The transportation company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.09. Air Transport Services Group had a return on equity of 14.74% and a net margin of 11.01%. The firm had revenue of $510.00 million during the quarter, compared to the consensus estimate of $505.54 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. Research analysts predict that Air Transport Services Group will post 2.04 earnings per share for the current year.